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Paysafe announces Google partnership

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Paysafe's paysafecard collaboration with Google enables millions of consumers to take part in online shopping for the first time 

VIENNA, Austria, June  07, 2018  (GLOBE NEWSWIRE) -- Paysafe, a leading global payments provider, announces a new partnership with Google. Paysafe's prepaid business paysafecard is now being accepted as a payment method in the Google Play Store, the app store for Android-certified devices, opening the door to the digital era for millions of customers.

From now on, customers without a credit card or digital banking services, or who don't want to enter their financial data online for security reasons, can pay online in the Google Play Store using paysafecard. paysafecard enables consumers who prefer or need to use cash to pay online, simply and safely, using the 16-digit PIN to complete the payment transaction.

"The formation of this exciting partnership is a significant milestone in the history of our company and the launch follows close collaboration and dedication from both of our teams to include paysafecard as the latest payment method for users. Google is one of the best-known brands in the world, if not the best, so partnering with them for our current and prospective customers is a momentous business move," says Udo Müller, CEO of paysafecard. "The risk of fraud and sharing personal data online still concern many consumers. Lost in Transaction: Payment Trends 2018, our proprietary research launched earlier this week, shows that half of respondents worry about fraudulent purchases and 48% worry about the safety of their personal data. This is why offering paysafecard as a way to pay in the Google Play Store has come at the right time to enable consumers and both companies to benefit."

The international rollout of the partnership between paysafecard and Google starts in Poland, where more than one million people a year use paysafecard. paysafecard is currently available in 46 countries and there are more than 600,000 sales outlets worldwide, around 40,000 of which are in Poland.

More information can be found here.

About Paysafe

Paysafe is a leading global provider of end-to-end payment solutions. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet and online cash solutions. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and online payments. With over 20 years of online payment experience, a combined transactional volume of US $56 billion in 2017 and over 2,600 staff located in 12+  global locations. Paysafe connects businesses and consumers across 200 payment types in over 40 currencies around the world. For more information, visit www.paysafe.com.

For media enquiries, please contact:

Anna Howard

Head of Corporate Communications, Paysafe Group
E: Anna.Howard@paysafe.com M: +447585 967772





This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Paysafe Group via Globenewswire

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